1. Summary Information
|
|
|
Country |
|
|
Company Name |
LEITNER SHRIRAM MANUFACTURING LIMITED |
Principal Name 1 |
Mr. Panchapakesan Ashok |
|
Status |
Moderate |
Principal Name 2 |
Mr. Thyagarjan Shivaram |
|
|
|
Registration # |
18-061993 |
|
Street Address |
Sigappi Achi
Building, 4th Floor, Door No. 18/3, Rukmini Lakshmipathi Road, (Marshalls
Road), Egmore, Chennai – 600008, Tamil Nadu, India |
||
|
Established Date |
10.01.2007 |
SIC Code |
-- |
|
Telephone# |
91-44-49015678/ 27926000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-49015655/
27924944 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Wind Electric Generator |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,358,108,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 50.52% Bodies corporate – 49.48% |
Banking |
Punjab
National Bank |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,539,065,000 |
Current Liabilities |
1884,760,000 |
|
Inventories |
1,899,891,000 |
Long-term Liabilities |
2535,339,000
|
|
Fixed Assets |
1,301,346,000 |
Other Liabilities |
34,369,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,454,468,000 |
|
Invest& other Assets |
60,450,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
1346,284 |
|
Total Assets |
5,800,752,000 |
Total Liab. & Equity |
5800,752,000 |
|
Total Assets (Previous Year) |
4,054,599,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
5500,069,000 |
Net Profit |
41,973,000 |
|
Sales(Previous yr) |
3673,563,000 |
Net Profit(Prev.yr) |
(32,189,000) |
MIRA
INFORM REPORT
|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LEITNER SHRIRAM MANUFACTURING LIMITED |
|
|
|
|
Registered
Office : |
Sigappi Achi Building, 4th Floor, Door No. 18/3, Rukmini Lakshmipathi
Road, (Marshalls Road), Egmore, Chennai – 600008, Tamil Nadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.01.2007 |
|
|
|
|
Com. Reg. No.: |
10.01.2007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1358.108 millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101TN2007PLC061993 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEL04040B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL2825N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wind Energy (Wind Mills). |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Sigappi Achi Building, 4th Floor, Door No. 18/3, Rukmini Lakshmipathi
Road, (Marshalls Road), Egmore, Chennai – 600008, Tamil Nadu, India |
|
Tel. No.: |
91-44- 49015678/ 27926000 |
|
Fax No.: |
91-44-49015655/ 27924944 |
|
E-Mail : |
|
|
Websites : |
|
|
|
|
|
Corporate Office/Factory : |
D – 17, Sipcot Industrial Complex, Gummidi – 601201, Poondi, |
|
Tel. No.: |
91-44-27926000 |
|
Fax No.: |
91-44-27924944 |
|
|
|
DIRECTORS
As on 19.09.2011
|
Name : |
Mr. Panchapakesan Ashok |
|
Designation : |
Director |
|
Address : |
A/10, Thiruvenkada Nagar, Ambattur, Chennai – 600063, |
|
Date Of Birth : |
10.01.1954 |
|
Date of Appointment : |
03.02.2007 |
|
DIN No.: |
00003867 |
|
|
|
|
Name : |
Mr. Thyagararjan Shivaram |
|
Designation : |
Director |
|
Address : |
No.12, |
|
Date Of Birth : |
18.11.1965 |
|
Date of Appointment : |
24.02.2007 |
|
DIN No.: |
01312018 |
|
|
|
|
Name : |
Mr. Anton Seeber |
|
Designation : |
Director |
|
Address : |
Vicolo Dei Conciliatori 2, Vipiteno – 39049, |
|
Date Of Birth : |
02.02.1973 |
|
Date of Appointment : |
24.02.2007 |
|
DIN No.: |
01437454 |
|
|
|
|
Name : |
Mr. Michael Seeber |
|
Designation : |
Director |
|
Address : |
Vicolo Dei Conciliatori 2, Vipiteno – 39049, |
|
Date Of Birth : |
19.05.1948 |
|
Date of Appointment : |
24.02.2007 |
|
DIN No.: |
01452477 |
KEY EXECUTIVES
|
Name : |
Mr. Raghav SV |
|
Designation : |
Secretary |
|
PAN No : |
AASPS3438C |
|
Date of Appointment : |
01.05.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
K. Manoharan (Nominee of Shriram EPC Limited ), India |
|
10000 |
|
V. Kannan (Nominee of Shriram EPC Limited) , India |
|
10000 |
|
M. Amjad Shariff (Nominee of Shriram EPC Limited) , India |
|
20000 |
|
Vathsala Ranganathan (Nominee of Shriram EPC Limited) , India |
|
20000 |
|
P Ashok (Nominee of Shriram EPC Limited) , India |
|
35000 |
|
T. Shivaraman (Nominee of Shriram EPC Limited) , India |
|
20000 |
|
Shriram EPC Limited, India |
|
67090949 |
|
Leitwind B V |
|
68604860 |
|
Total |
|
135810809 |
As on 31.01.2012
|
Names of Allotees |
|
No. of Shares |
|
Shriram EPC Limited, India |
|
13491928 |
|
Total |
|
13491928 |
As on 15.12.2011
|
Names of Allotees |
|
No. of Shares |
|
Windfin B.V NL – 2451 VW Leimuiden, Waaier 38, Nederlands |
|
13770000 |
|
Total |
|
13770000 |
As on 19.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.52 |
|
Bodies corporate |
49.48 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Wind Energy (Wind Mills). |
|
|
|
|
Product: |
Item Code No. (ITC Code) 0407002865 – Wind Electric Generator |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Punjab National Bank, Large Corporate Branch, Rayala Towers, #781-785, Annasalai, Chennai - 600002, Tamil Nadu, India · Axis Bank, Chennai Main Branch, No.82, Dr. Radhakrishnan Salai, Chennai – 600004, Tamilnadu, India. · Bank of Maharashtra, 116, Brodway, Chennai – 600108, Tamilnadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Financial
Institution : |
L and T Finance Limited, L and T House, Ballard Estate,, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
ASVN, Ramanas Tower , 52, Venkatnarayana Road, T. Nagar, Chennai –
600017, Tamil Nadu, India |
|
PAN.: |
AACFD3771D |
|
|
|
|
Related Party : Associates/Subsidiaries : |
CIN L74210TN2000PLC045167
CIN U29299TN2008PTC069590 |
CAPITAL STRUCTURE
After As on
19.09.2011
Authorised Capital : Rs.1665.000 millions
Issued, Subscribed & Paid-up Capital : Rs.1630.727 millions
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
136500000 |
Equity Shares |
Rs.10/- each |
Rs.1365.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
135810809 |
Equity Shares |
Rs.10/- each |
Rs.1358.108
millions |
|
|
|
|
|
FOOT NOTES:
(A) 136,500,000 (PY - 96,500,000) Equity Shares of Rs.10 each
(B) 135,810,809 (PY -89,596,333) Equity Shares of Rs. 10 each fully paid-up. of the above 26,020,000 (PY - 26,020,000) Equity Shares of Rs. 10 each were issued pursuant to a scheme of amalgamation without consideration being received in cash.
(C) 135,810,809 (PY -89,596,333) Equity Shares of Rs. 10 each fully paid-up. of the above 26,020,000 (PY - 26,020,000) Equity Shares of Rs. 10 each were issued pursuant to a scheme of amalgamation without consideration being received in cash.
(D) 135,810,809 (PY -89,596,333) Equity Shares of Rs. 10 each fully paid-up. of the above 26,020,000 (PY - 26,020,000) Equity Shares of Rs. 10 each were issued pursuant to a scheme of amalgamation without consideration being received in cash.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1358.108 |
895.963 |
510.138 |
|
|
2] Share Application pending Allotment |
0.000 |
61.607 |
0.032 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(11.824) |
(53.797) |
(14.248) |
|
|
NETWORTH |
1346.284 |
903.773 |
495.922 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2535.339 |
1895.105 |
810.983 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
20.000 |
|
|
TOTAL BORROWING |
2535.339 |
1895.105 |
830.983 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3881.623 |
2798.878 |
1326.905 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1301.346 |
904.554 |
732.785 |
|
|
Capital work-in-progress |
50.350 |
381.455 |
72.838 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.100 |
25.100 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.760 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1899.891
|
793.746 |
566.087 |
|
|
Sundry Debtors |
1778.043
|
1486.348 |
439.197 |
|
|
Cash & Bank Balances |
225.039
|
198.342 |
58.385 |
|
|
Other Current Assets |
0.000 |
0.000 |
1.630 |
|
|
Loans & Advances |
535.983
|
265.054 |
50.055 |
|
Total
Current Assets |
4438.956
|
2743.490 |
1115.354 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1659.843
|
1189.742 |
566.671 |
|
|
Other Current Liabilities |
224.917
|
43.040 |
43.864 |
|
|
Provisions |
34.369
|
22.939 |
2.071 |
|
Total
Current Liabilities |
1919.129
|
1255.721 |
612.606 |
|
|
Net Current Assets |
2519.827
|
1487.769 |
502.748 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PRE – OPERATIVE EXPENDITURE PENDING
CAPITALIZATION |
0.000 |
0.000 |
17.774 |
|
|
|
|
|
|
|
|
TOTAL |
3881.623 |
2798.878 |
1326.905 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5500.069 |
3673.563 |
499.686 |
|
|
|
Other Income |
38.369 |
75.275 |
4.966 |
|
|
|
TOTAL (A) |
5538.438 |
3748.838 |
504.652 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
3435.775 |
2058.537 |
|
|
|
|
Manufacturing service costs |
1348.462 |
1176.056 |
|
|
|
|
Employee related expenses |
166.437 |
129.616 |
|
|
|
|
Administrative selling other expenses |
132.569 |
116.636 |
|
|
|
|
TOTAL (B) |
5083.243 |
3480.845 |
501.280 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
455.195 |
267.993 |
3.372 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
313.448 |
230.237 |
10.219 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
141.747 |
37.756 |
(6.847) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
95.272 |
68.651 |
7.799 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
46.475 |
(30.895) |
(14.646) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.502 |
1.294 |
(0.145) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
41.973 |
(32.189) |
(14.501) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
53.797 |
(14.248) |
0.253 |
|
|
|
|
|
|
|
|
|
|
BALANCE
IN PROFIT LOSS ACCOUNT |
0.000 |
(7.359) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(11.824) |
(53.797) |
(14.248) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.41 |
(0.42) |
(0.28) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.76
|
(0.85) |
(2.57) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.84
|
(0.84) |
(2.93) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.81
|
(0.85) |
(0.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
(0.03) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.31
|
3.49 |
2.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
2.18 |
1.82 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
NOTE:
The Registered Office of the company has been shifted from No.5, T.V Street,
Chetpet, Chennai – 600031, Tamil Nadu, India. to the present address
w.e.f.16.05.2011.
OPERATIONS
Sale and other income for the year was Rs. 5525.200 millions (3734.100 millions) and the profit before tax was Rs. 46.500 millions (-30.900 millions) being the second year of full operations. Profit after tax was Rs.41.900 millions (-32.200 millions). The company has been able to earn a net profit during its second financial year of full operation.
REVIEW OF PERFORMANCE
The Company has produced and installed 100MW capacity of 1.5 MW machines during the year. They have obtained the clearance from CWET for 1.8MW machines and their major production during the next year will be consisting of combination of 1.5 and 1.8 MW machines. The Manufacture of Wind Turbine Blades are going in full swing. They are also planning to double the capacity with an investment of Rs. 320.000 millions in the ensuing financial year.
LSML is one of the few companies having complete in-house Manufacturing facility for all Components of Wind Turbine. TUV Germany has approved their manufacturing facility including their Blade Production. Successful renewal of ISO 9001 done during the year. Achieved Export Sales of Rs.900.000 millions in 2010-11. Secured Star Export House Status during the year. Construction of sub-stations in Tamilnadu and Gujarat is under execution. CWET certification for 1.8 MW machine was obtained during the year.
NEW INITIATIVES
MAJOR DEVELOPMENTS
AND CAPITAL INFUSION
During the year there had been a capital infusion to the extent of Rs.462.100 millions of which Leitwind BV and Shriram EPC Limited infused Rs.233.400 millions and Rs.228.700 millions respectively. The following products are planned to be introduced during the ensuing year. ·LTW 70 (Class I) ? Prototype under 2 MW category to be installed in 2011-12. ·LTW 86 (Class III)- prototype under 1.5 MW category to be installed 2011-12. With these, your company will be able to offer machines for complete range of wind class sites.
BUSINESS PROSPECTS
& WIND INDUSTRY SCENARIO
Renewable energy is gaining significance. GBI (Generation Based Incentive) continues to propel the demand for Windmills for IPP. New Wind Areas have been identified in Maharashtra, Gujarat, Andhra Pradesh and Karnataka. Support from MNRE for concessional duties Fiscal benefits available. REC Guidelines implemented- a boost for renewable sector- to play a vital role for IPP investment in Windmills. More efficient
machines with Gearless technology and better designed blades would have comparative advantage over other competitors.
oTotal installed capacity till 2010 is 13.2 GW
o2.1 GW new addition in 2010 -11
o10% of the total installed power capacity & 4% of energy generation
oCWET estimation of wind potential is 49 GW
oWorld Institute for Sustainable Energy (WISE) estimation of wind potential is 85 -100 GW
oExpecting 2.5 GW in 2011-12
Your company possesses an overall order value of Rs.10540.000 millions
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U31101TN2007PLC061993 |
|
Name of the
company |
LEITNER SHRIRAM
MANUFACTURING LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sigappi Achi Building, 4th Floor, Door No. 18/3, Rukmini Lakshmipathi
Road, (Marshalls Road), Egmore, Chennai – 600008, Tamil Nadu, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
L and T Finance Limited, L and T House, Ballard Estate,, Mumbai – 400001, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation Deal No. 852671 |
|
Date of
instrument Creating the charge |
22.03.2012 |
|
Amount secured by
the charge |
Rs.157.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13% P. A. Terms of Repayment 60 MONTHS Margin 15% Extent and Operation of the charge First and exclusive
charge by way of hypothecation as per clause nos. 2,4,5,8,10,13,14 and 16 Vide the deed of
Hypothecation dated 22.03.2012 |
|
Short particulars
of the property charged |
Asset
description: various machineries as described in the annexure of the schedule
to the deed of hypothecation. Asset
location: Chennai |
FIXED ASSETS
- Leasehold Land
- Freehold Land
- Buildings
- Plant and machinery
- Computer
- Office Equipment
- Furniture and fittings
- Motor Vehicles
AS PER WEBSITES DETAILS:
PROFILE:
Subject is an Indo European Joint Venture between Shriram EPC Limited. and Leitner Technologies to manufacture world-class LEITWIND Wind Electric Generators. LEITWIND is an idea born out of convergence of creative energies with a conviction to create better solutions through imaginative engineering. Continuous investments into research and development have enabled LEITWIND take advantage of synergies between the ropeway and wind turbine technologies by incorporating revolutionary concepts such as Direct Drive, Permanent Magnets into the Wind Turbine
Subject is an enterprise with a combination of engineering tradition of Shriram EPC and Leitner Technologies' spirit of innovation. Leitner Shriram Manufacturing Limited's strength is its knowledge capital, human capital and teamwork. The core strength of its team of over 200 members-- emanates from its vast experience and thorough understanding of wind electric generator manufacture from ground zero level.
Their successful track record in manufacturing, installing and maintaining of 250 KW WEG's gives us the competitive advantage in design, construction, installation and maintenance of the new generation LEITWIND WEG's.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial Crime
:
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.